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Air Water 4088.T · JPY

Materials · Tokyo Stock Exchange · 🇯🇵 Japan

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2,757

+0.66%

Close of 9 Nov 2026, in JPY

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in JPY, from our data supplier.

FY2026

Revenue

¥1.01trn

FY2017FY2026

Net income

¥39.93bn

FY2017FY2026

Free cash flow

¥34.30bn

FY2017FY2026

Shareholders' equity

¥390.23bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue¥1.01trn¥1.08trn¥1.02trn¥1.00trn¥888.67bn¥806.63bn¥809.08bn¥742.29bn¥753.56bn¥670.54bn
Gross profit¥223.76bn¥214.00bn¥203.61bn¥184.71bn¥184.95bn¥166.93bn¥168.65bn¥154.51bn¥152.43bn¥145.61bn
Research and development—¥4.99bn¥6.17bn¥5.45bn¥5.34bn¥3.98bn¥3.42bn¥2.86bn¥2.77bn¥2.83bn
Operating income¥62.54bn¥64.76bn¥61.86bn¥49.70bn¥59.41bn¥45.50bn¥46.08bn¥43.65bn¥42.40bn¥41.34bn
Net income¥39.93bn¥49.08bn¥44.36bn¥40.14bn¥43.22bn¥27.37bn¥30.43bn¥28.82bn¥25.17bn¥22.34bn
Diluted earnings per share174.19214.10193.84175.94190.12120.82134.82139.36128.46114.19

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets¥1.22trn¥1.25trn¥1.22trn¥1.09trn¥1.02trn¥926.82bn¥899.70bn¥783.05bn¥693.10bn¥629.12bn
Cash and short-term investments¥87.14bn¥70.61bn¥64.97bn¥72.09bn¥59.55bn¥50.57bn¥47.66bn¥32.62bn¥23.30bn¥31.21bn
Total liabilities¥805.32bn¥713.29bn¥714.21bn¥645.16bn¥602.17bn¥554.43bn¥547.88bn¥474.35bn¥398.45bn¥348.36bn
Debt¥515.67bn¥441.63bn¥442.98bn¥385.47bn¥373.74bn¥332.77bn¥329.06bn¥272.83bn¥203.18bn¥172.40bn
Shareholders' equity¥390.23bn¥517.14bn¥488.56bn¥430.23bn¥395.13bn¥357.80bn¥331.99bn¥291.63bn¥278.33bn¥256.37bn
Shares outstanding229m229m229m228m227m227m226m207m196m196m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations¥107.58bn¥93.24bn¥79.63bn¥56.95bn¥71.57bn¥76.60bn¥43.78bn¥61.21bn¥47.76bn¥58.87bn
Capital spending−¥73.28bn−¥67.48bn−¥63.47bn−¥66.67bn−¥46.34bn−¥52.03bn−¥64.19bn−¥71.81bn−¥53.51bn−¥33.24bn
Free cash flow¥34.30bn¥25.76bn¥16.16bn−¥9.72bn¥25.24bn¥24.57bn−¥20.40bn−¥10.59bn−¥5.74bn¥25.64bn
Dividends paid−¥18.46bn−¥15.11bn−¥14.19bn−¥13.04bn−¥11.21bn−¥10.46bn−¥8.03bn−¥7.87bn−¥7.27bn−¥5.49bn

Latest quarters

By quarter end

Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024Jun 2024
Revenue¥297.20bn¥284.53bn¥260.93bn¥255.71bn¥291.06bn¥276.90bn¥258.67bn¥245.94bn
Gross profit¥54.93bn¥73.44bn¥59.41bn¥57.02bn¥61.71bn¥60.62bn¥57.06bn¥52.68bn
Operating income¥1.06bn¥17.91bn¥14.18bn¥15.25bn¥17.90bn¥19.32bn¥14.00bn¥12.76bn
Net income−¥62.15bn¥23.52bn−¥31.91bn¥10.73bn¥14.06bn¥14.86bn¥7.81bn¥9.36bn
Diluted earnings per share-271.13102.60-139.2046.7961.3364.9434.1440.92
Cash from operations¥45.58bn¥17.38bn¥24.74bn¥19.89bn¥33.66bn¥11.96bn¥22.30bn¥25.73bn
Capital spending−¥13.67bn−¥21.10bn−¥16.33bn−¥20.09bn−¥19.08bn−¥16.38bn−¥17.50bn−¥15.87bn
Free cash flow¥31.91bn−¥3.72bn¥8.41bn−¥207.0m¥14.58bn−¥4.42bn¥4.80bn¥9.86bn
Total assets¥1.22trn¥1.29trn¥1.15trn¥1.22trn¥1.25trn¥1.26trn¥1.19trn¥1.23trn
Cash and short-term investments¥87.14bn¥73.30bn¥63.79bn¥60.46bn¥70.61bn¥65.01bn¥55.65bn¥63.24bn
Debt¥468.45bn¥167.24bn¥423.55bn¥110.74bn¥418.23bn¥105.36bn¥411.58bn¥91.92bn
Shareholders' equity¥390.23bn¥445.80bn¥444.75bn¥513.66bn¥517.14bn¥514.40bn¥492.04bn¥504.01bn

Growth per year

Compound annual rate

3 years5 years10 years
Revenue0.3%4.7%4.4%
Operating income8.0%6.6%4.7%
Net income-0.2%7.8%7.1%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin21.0%20.1%20.3%20.4%
Operating margin6.1%5.8%5.9%5.9%
Net margin4.3%4.2%4.2%3.9%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings16.610.59.910.98.114.713.611.513.020.8
Price to sales0.70.50.40.40.40.50.50.50.40.7

Dividends and splits

Per share, in the currency the company pays

Paid for 36 years. Last went ex-dividend on 30 Mar 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year118.0066.0058.0057.0049.0046.0041.0040.00
  • 1-to-1 reverse split · 10 Aug 2006
  • 1-to-1 reverse split · 1 Apr 2006
  • 1-to-1 reverse split · 1 Feb 2006
  • 11-for-10 split · 26 Sept 1989

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
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